Business Policy and Strategy1. The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that external factors are more important than internal factors in strategic planning? Discuss.Your response should be at least 300 words in length.Must include one citing and reference.2. Describe the process of performing an external audit in an organization doing strategic planning for the first time.Your response should be at least 300 words in length.Must include one citing and reference.